SMT Development Acquires Development Site At 1006 Broadway Somerville For $4.2M
SOLD
$4,200,000
Massachusetts
See Similar DealsDevelopment Site15,961 SF
Sold 02/05/2025
SOLD
SMT Development Acquires Development Site At 1006 Broadway Somerville For $4.2M
1006 Broadway
See Similar DealsDevelopment Site15,961 SF
Sold 02/05/2025
Summary
MASSACHUSETTS
Asset Type:Development Site
Price Per Square Foot:$263
Total Square Footage:15,961 SF
Transaction Type:Sale
The asset involved in this transaction is a development site located at 1006 Broadway in Somerville, MA. The sale price was set at $4,200,000, with a building square footage of 15,961 and a price per building square foot of $263. The site also features a total square footage of 15,961, aligning with the same price per square foot of $263.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,200,000
- Buyer: SMT Development
- Seller: Eaglebrook Capital
- Broker Representatives: Ryan Taylor, Brayden Haney & Justin Pepple - Fortune Realty
The deal was facilitated by the brokerage firm Fortune Realty, represented by brokers Ryan Taylor, Brayden Haney, and Justin Pepple. Their roles were pivotal in the transaction process, managing the communications and negotiations between SMT Development and Eaglebrook Capital.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
Is there something missing? Send suggestions